ADVANCED CREDIT TECHNOLOGIES, INC. An Inside Look At Credit Card
Fraud Prevention In Real Time With TurnScor Prepaid Debit Card
SARASOTA, FL -- December 22, 2015 -- InvestorsHub NewsWire
-- Advanced Credit Technologies, Inc. (OTCQB:ACRT)
has issued the following update on the company's business and
information objectives going forward in the first quarter of
2016.
As the US migrates away from the increasingly targeted magnetic
strip debit/credit towards a more secure EMV (microchip)
technology, credit card fraud is no less of a threat than before.
While attempts to counterfeit the new microchip card might prove
difficult, the FBI warns that it is not entirely impossible and
that consumers should continue to take steps to protect their
accounts.
Professor Dr. Bill Chu from UNC Charlotte says that the
microchip technology isnt enough to thwart fraud and theft of
personal information. At the Point-of-Sale, the EMV microchip card
has sustainable ability to protect the user from unauthorized
purchases but, Chu says, it does nothing to protect the card holder
from rudimentary computer hacks where card information is stolen
over unsecure mediums. You still have to type in your numbers, Chu
asserts, making one susceptible to card and account number
harvesting exploits and techniques that ultimately lead to
fraud.
With the February 2016 release of Advanced Credit Technologies
new TurnScor Prepaid Debit Card with patented Sequre Lock
technology, the consumer can rest assured that their accounts will
remain secure and fraud free. We can understand the principles of
this new opportunity with a few simple scenarios:
After having dinner at your favorite restaurant, you offer your
debit/credit card for payment. Before the waiter makes it back to
the table with your receipts the TurnScor Card equipped with Sequre
Lock Real-Time technology will have sent an authorization request
to your SmartPhone requiring you, the account holder, to
authenticate the transaction amount, and with a 4-digit PIN prior
to withdrawing funds from your account. With your explicit consent,
the transaction goes through and the approved funds are
withdrawn.
In a potentially fraudulent situation where a hacker has
obtained your card number and CVV code and attempts to make an
online purchase, you will receive the same text alert inquiring
about your intended purchase at the exact time the purchase attempt
is made. Without your consent, the transaction will not complete,
protecting your account in REAL TIME while simultaneously alarming
you to potential fraud activity.
This is the visionary and future-oriented thinking from Advanced
Credit Technologies that is the foundation for the TurnScor Prepaid
Debit Card with patented Sequre Lock Real-Time Fraud
Protection/Prevention. While hackers work tirelessly to discover
new ways to exploit people, systems and technology, Advanced Credit
Technologies is persisting in the pursuit of Life, Liberty and
Financial Security. Potential victims of poor fraud prevention
solutions will quickly and defiantly become a much smaller
demographic for hackers around the world thanks to the TurnScor
Prepaid Debit Card.
For a more thorough look at the product and features, view the
Sequre Lock business presentation. Click on this LINK: http://share.snacktools.com/FF5CB8AF8D6/b7ul68l9
Safe Harbor:
From time to time, the Company may issue news releases that
contain "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, and is subject to the safe harbor created by
those sections. This material may contain statements about expected
future events and/or financial results that are forward-looking in
nature and subject to risks and uncertainties. For those
statements, the Company claims the protection of the safe harbor
for forward-looking statement provisions contained in the Private
Securities Litigation Reform Act of 1995 and any amendments
thereto.
Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections,
objectives, goals, assumptions, or future events or performance are
not statements of historical fact and may be "forward-looking
statements." "Forward-looking statements" are based upon
expectations, estimates and projections at the time the statements
are made that involve a number of risks and uncertainties that
could cause actual results or events to differ materially from
those anticipated.
Contact:
Chris Jackson
chris@turnscor.com
612-961-4536
Source: Advanced Credit Technologies, Inc.